40 Shipwatch DrHickoryNC28601
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Hickory at 40 Shipwatch Dr, Hickory, NC, 28601 with 5% annual appreciation on a $679,000 basis while $3,364/mo rent supports operations. 9% in year one. Equity gained on principal adds $4,381/yr, and five-year appreciation sums $187,595 alongside rental yield of 5.95%. Five-year ROI measures 81.22% and total cumulative return in cash totals $181,439. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,364/mo property income versus a $3,323/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1992
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28601, Hickory, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,555 (100%) |
| Owner Occupied HU | 15,015 (58.8%) |
| Renter Occupied HU | 8,486 (33.2%) |
| Vacant Housing Units | 2,054 ( 8.0%) |
| Median Home Value | $303,595 |
| Average Home Value | $360,678 |
Housing Distribution
Address Breakdown
Residential
24,340
Single Family
22,229
Multi-Family
2,111
Businesses
1,506
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Listed by: Tamara Coley • RE/MAX A-Team
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4325763